Facebook Put Options Active Down to $19
Facebook, Inc. (NASDAQ: FB) is now seeing active trading in its PUT options all the way down to the $19 strike price in AUGUST 2012 expiration contracts. In fact, we have seen almost 60,000 contracts trade from the $19 to…
Facebook, Inc. (NASDAQ: FB) is now seeing active trading in its PUT options all the way down to the $19 strike price in AUGUST 2012 expiration contracts. In fact, we have seen almost 60,000 contracts trade from the $19 to $30 strike price put options. That 60,000 contract count represents some 6 million shares on a fully leveraged basis.
The trading volume is dominated today in the PUTS over the CALLS. In the CALL options in AUGUST we looked at the active contracts being the $20 to $33 strike prices. We have seen almost 40,000 contracts trade among all of those strike prices, which represents about 4 million shares on a fully leveraged basis.
Even the September PUTS are much more dominant than the CALLS today. Facebook shares are down 9.6% at $24.32 on just over 81 million shares as of 12:40 PM EST this Friday after last night’s earnings. The prior post-IPO low was $25.52 and shares apparently went as low as $22.28 today.
Here is the spread from Yahoo! Finance of the AUGUST PUTS:
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.